| About the Author | Minutia |
|---|---|
|
David makes his living developing web applications used internally by his employer. He doesn't blog about work because he's heard too many stories about that causing workplace troubles. |
|
(via MetaFilter)
NPR’s “Day to Day” and “News and Notes,” both based out of NPR West in Culver City, have been cancelled and their staffs, including hosts Farai Chideya and Madeleine Brand, are being let go. Another twelve journalists not associated with those shows will also lose their jobs. Both shows will run through March 20th.
So crescent fresh!
There are so many things wrong with this article (the Wii is $250, not $260; the razor-razor blade model involves selling the razor at a loss, which the article makes clear that Nintendo doesn’t do) that I’m not sure if I believe anything from it, but the fact that Nintendo only makes $6 from every Wii sold is rather fantastic. I had assumed it was more, but I guess when you think about it, $6 pure profit is fairly good. Doesn’t give them much room to lower prices though.
According to the WSJ “Ford is in a somewhat better position than GM and Chrysler because it mortgaged nearly every asset it had in 2006 — including its blue, oval-shaped logo — and now has a heftier cash cushion than its rivals.” The fact that Ford could pull that off in 2006 and now none of the companies can get any kind of loans tells you how bad our credit markets have become. Until the government starts requiring banks that take bailouts to make loans, the government is going to have to stay in the business of making loans to companies. If you want them to fail, fine. But let them fail when the economy isn’t in this downward spiral. If you think your 401(k) looks bad now, just wait until you see what happens to the markets if one of the big three goes under and starts dragging suppliers and other auto makers (foreign and domestic) down with them.